The news is explosive! LTC is surging beneath the surface
Brothers! Today the price of LTC is $96.42, on the surface it seems calm, but in reality, the undercurrents are fierce! According to the latest news, LTC has just completed its third halving, reducing the mining reward from 12.5 to 6.25, and the circulating inflation rate has plummeted to 1.8%! This move has caused institutional holdings to soar to 23%, family offices and quantitative funds are frantically buying, treating LTC as 'digital silver'!
What's even more exciting is that the Litecoin chain is testing the 'Lite Lightning Network', aiming to increase transaction speeds from 56 TPS to over 1000 TPS by the end of the year! Southeast Asian cross-border traders are already using LTC to replace the US dollar for settlements, with individual transaction costs 60% lower than traditional banks, and funds arriving in 10 minutes! This wave of technological upgrades and practical applications directly injects LTC with a nuclear-level benefit!
But don’t celebrate too early! The regulatory hammer could come down at any time - the investigation by the US SEC into cryptocurrency exchanges directly caused LTC to plummet 10% in 2023! The policy risk is not fully resolved yet, retail investors shouldn't let good news cloud their judgment!
Technical bloodbath! Short-term bearish, long-term bullish
Finance Month directly presents the essentials! Look at this LTC/USDT perpetual contract chart:
Support levels: 95.49 USD (life and death line), 96.40 USD (near current price) Resistance levels: 97.44 USD (short-term ceiling), 99.17 USD (main distribution area) RSI indicator: 26.78, oversold area! But don’t rush to bottom-fish - the main force's order ratio is +0.13%, indicating fierce battles between bulls and bears!
The BOLL band is more intense! Upper band 103.38, lower band 94.55, price stuck in the middle like being tied up! RSI1 is only 26.78, indicating short-term bears are dominant, but RSI3 is at 41.08, long-term bulls are preparing a big move!
Exclusive interpretation from Finance Month: Short-term bearish - if the 97.44 resistance level doesn't break, it's highly likely to drop below the 95.49 support level, testing the 94.55 lower limit! Long-term bullish - halving effect + technical upgrade, expected to challenge 142 USD before the end of the year!
What should retail investors do? Finance Month teaches you bloody operations!
Short-term players: Place short orders at the 97.44 resistance level, set stop-loss at 98 USD! If it drops below 95.49, run immediately, don't clash with the main force!
Long-term players: Gradually buy near the 94.55 lower limit, increase your position every 5% drop! Remember - 12-18 months after halving is the window for price surges, now is the golden opportunity!
Watch the real trades in Finance Month's little nest!
Want to know specific points and real-time directions? In the village of Finance Month, the main trends, support and resistance levels, and real trading strategies are updated daily! Don't ask me who I am, just know I'm the 'Bloody Compass' for retail investors!
Short-term bearish, don't panic; long-term bullish, don't be greedy! Retail investors, it's time to show your true skills! Want to follow Finance Month to feast on profits? Hurry and enter the village - oh no, enter the little nest! We'll see the real results in actual trades!
